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Europe set to simplify corporate regulation, EU's digital chief says

Feb 20, 2025 - uk.fashionnetwork.com
The European Commission plans to propose at least five legislative packages this year to encourage investment and simplify regulations for companies, particularly in artificial intelligence. This initiative is driven by pressure from EU member states like France and challenges from the U.S. administration. The focus areas include AI, biotech, and affordable clean energy, aiming to enhance the EU's global competitiveness. Henna Virkkunen, European Commission Executive Vice-President, emphasized the need to reduce administrative burdens to promote innovation and investment in Europe.

One of the legislative packages will address overlaps between the EU's AI act, digital services act, digital marketing act, and general data protection regulation. The goal is to streamline legislation, making compliance easier for companies without compromising the enforcement of these laws. Additional packages will focus on easing regulations in sustainability, small businesses, and agriculture.

Key takeaways:

  • The European Commission plans to propose at least five legislative packages this year to encourage investment and simplify regulations, particularly in artificial intelligence.
  • The Commission is responding to pressure from EU member countries like France and challenges from the U.S. administration to ease regulations.
  • One legislative package will address overlaps between various EU regulations, including the AI act and the general data protection regulation, to streamline compliance for companies.
  • Additional packages will focus on easing regulations in areas such as sustainability, small businesses, and agriculture.
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